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Raymond Chabot Grant Thornton advises K&Y Diamond Ltd. (“K&Y”) in connection with a significant investment by MACH Capital (“Mach”) in K&Y.
Founded in 1976, Montreal-based K&Y Diamond is a leading manufacturer of high-quality ultra-precision diamond tools recognized worldwide. Originally set up as a diamond tool company for the Jewelry industry, the Company evolved to become a key supplier of PCD, PCBN and single crystal diamond tools used for precision machining, form tools, and wear parts.
K&Y’s unique approach to product development makes the Company a leader in bringing to market products that meet the growing demand of clients. Today K&Y’s products are used in a variety of applications and across multiple industries and the Company enjoys longstanding relationships with clients located in over 50 countries worldwide.
The Company has unparalleled expertise within the industry and has invested in cutting edge technology, R&D, specialized equipment and a 28,000 sq ft state-of-the-art manufacturing facility to maintain its position as one of the global market leading companies in ultra-precision diamond tools.
K&Y called on Raymond Chabot Grant Thornton’s Corporate Finance experts to advise the Company in connection with the transaction.
“Working with Raymond Chabot Grant Thornton’s Corporate Finance team was seamless from start to finish”, states Rene Guillaume, President of K&Y. “They guided me throughout the entire process and ensured my values as a business owner were always respected. Their support, commitment and professionalism exceeded all expectations.”
Rene Guillaume, the second-generation President of K&Y, will retain substantial ownership in the company and remain in his current role.
“This is an exciting new chapter for K&Y Diamond,” states Rene Guillaume, President. “K&Y’s partnership with MACH Capital will allow the company to further accelerate its growth trajectory and support the company in the next phase of its development.”
“We are very excited to invest alongside Rene Guillaume and to support the entire K&Y team as we all embark on this next important chapter in this Company’s illustrious story. From our initial meetings with Rene it was clear that our interests were perfectly aligned in ensuring the long-term value of K&Y and thereby further strengthening the legacy of his family. This transaction reflects why entrepreneurs such as Rene favor a partnership with Mach Capital considering our vision is not dictated by any exit strategies but instead the best long-term interests of the company and its stakeholders,” states Vincent Chiara, Founding Partner of Mach Capital.
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.
About Raymond Chabot Grant Thornton
Raymond Chabot Grant Thornton is a Canadian leader in the areas assurance, tax, advisory services and business recovery and reorganization.
Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets.
We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,600 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 62,000 people in nearly 140 countries.